Hera adds to IG convert revival
European investment grade issuers made a return to the equity linked market this week taking advantage of buoyant share prices and credit spreads and yields so low that the coupons imply cost-of-carry around zero.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts